Jack Henry & Associates, Inc. $JKHY Stock: Strengthening Families & Communities LLC Cuts Stake

Strengthening Families & Communities LLC lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 97.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 257 shares of the technology company’s stock after selling 10,962 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $37,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in JKHY. Nisa Investment Advisors LLC grew its holdings in Jack Henry & Associates by 0.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 28,801 shares of the technology company’s stock worth $4,125,000 after acquiring an additional 162 shares during the last quarter. Diversify Advisory Services LLC increased its position in Jack Henry & Associates by 5.3% in the 3rd quarter. Diversify Advisory Services LLC now owns 7,006 shares of the technology company’s stock valued at $1,096,000 after acquiring an additional 354 shares in the last quarter. Willis Investment Counsel raised its stake in shares of Jack Henry & Associates by 8.6% in the third quarter. Willis Investment Counsel now owns 52,746 shares of the technology company’s stock worth $7,555,000 after acquiring an additional 4,158 shares during the last quarter. Robertson Stephens Wealth Management LLC bought a new position in shares of Jack Henry & Associates in the third quarter worth about $221,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Jack Henry & Associates by 30.7% in the third quarter. TD Waterhouse Canada Inc. now owns 3,887 shares of the technology company’s stock worth $559,000 after acquiring an additional 912 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. KeyCorp began coverage on shares of Jack Henry & Associates in a research report on Monday, September 14th. They set an “overweight” rating and a $190.00 target price on the stock. UBS Group reissued a “neutral” rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Oppenheimer raised their price target on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $178.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Finally, Weiss Ratings raised Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $153.41 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. The stock has a market capitalization of $10.76 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.92 and a beta of 0.56. The business has a 50-day moving average price of $156.50 and a two-hundred day moving average price of $148.75.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 7.29 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is currently 35.01%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.